| Statement of Ethics |
NGC Aims At High Ethical Standards In All
Business Transactions
NGC prides itself on possessing a strong ethical culture whilst
continuously striving towards world-class business practices. This
has been achieved from actively embedding requirements for
professional and ethical behaviours in its policies, value system,
guiding principles and business practices. Some of these doctrines
date as far back as the early 1980s and are an integral part of the
Company’s future plans.
NGC has clear written guidelines and generally accepted company
standards on a number of ethical issues, for example, Transparency
and Fair Trading in Procurement, Political Contributions, Gifts,
Conflicts of Interest and Substance Abuse
NGC continues to review its business processes to improve integrity,
transparency and accountability in its operations, notwithstanding
the existence of a strong ethical climate within the Company.
Additionally, NGC’s ethical framework is continuously kept alive
through its recommitments to its core values within revised and
updated policies, guidelines and strategic plans.
Strong, ethical leadership from the top; strong, knowledgeable and
independent internal audit staff; tendering rules and procedures
that meet international standards; monitoring, detection and
prevention systems; written policies and guidelines on acceptable
business practices; enforcement of rules and policies and sanctions
for non-compliance; accurate and timely financial records; and
transparency in its award of contracts and availability of its
annual financial statements – these are all ways in which NGC
strives to ensure it meets high ethical standards in business
practice.
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